Another stock that looks ready to trigger a major breakout trade is Inphi ( IPHI), a provider of high-speed analog semiconductor solutions for the communications and computing markets. If you take a look at the chart for Inphi, you'll notice that this stock has been uptrending very strong for the last three months and change, with shares soaring from a $7.99 to its recent high of $11.93 a share. During that uptrend, shares of IPHI have been consistently making higher lows and higher highs, which is bullish technical price action. That bullish move has now pushed IPHI within range of triggering a major breakout trade. >>4 Tech Stocks Set to Shine Market players should now look for long-biased trades in IPHI if this stock can manage to take out some near-term overhead resistance levels at $11.93 to $12 a share with high volume. Look for a sustained move or close above those levels with volume that tracks in close to or above its three-month average action of 236,484 shares. If that breakout hits soon, then IPHI will have an excellent chance of re-filling a previous gap and possibly trending up towards $13.50 to $14.80 a share. One can look to buy IPHI off any weakness and anticipate that breakout, and simply use a stop that sits just below $10.50 a share or below its 50-day moving average of $10.15 a share. One could also buy off strength once IPHI takes out $12 a share with volume and moves into that gap down zone from back in April. If you buy off strength, then look to use a stop that sits just below its 200-day moving average of $11.61 a share, or even down near $11 a share.